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Generated 13-08-2026
Active BE 0688.920.229Private limited companyOpen bankruptcy

HSN GROUP

Da Vincilaan 1 ·1930 Zaventem, Belgium· 8 yrs active
Sector: Goederenvervoer over de weg (49410)
Conclusion Checked

A bankruptcy procedure is open for HSN GROUP according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €98k and a net result of €16k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €98k
Net result €16k
Staff (FTE) 2.8
Better than sector 60%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health21Profitability81Solvency63Growth78Stability0
49 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 21
Profitability 81
Solvency 63
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
21 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 27-06-2023 with the NBB · fiscal year 2022 · micro
€0€20k€40kOperating result 2018: €10k€10kNet result 2018: €9k€9kOperating result 2019: €373€373Net result 2019: €4k€4kOperating result 2020: €40k€40kNet result 2020: €38k€38kOperating result 2021: €34k€34kNet result 2021: €25k€25kOperating result 2022: €24k€24kNet result 2022: €16k€16k20182019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 37.4% 28.5%
better than 60% of 1347 sector peers
Net result €16k €4k
better than 71% of 1334 sector peers
Equity €98k €17k
better than 90% of 1356 sector peers
Gross operating margin €191k €26k
better than 91% of 1327 sector peers
Staff costs €90k €40k
higher than 76% of 583 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€70k
-4.1% 18-22
Net profit
€16k
-35.4% 18-22
Cash flow
€62k
-3.0% 18-22
Total assets
€262k
+1.9% 18-22
Equity
€98k
+19.4% 18-22
Working capital
€29k
- 18-22
Employees (FTE)
3
+40.0% 18-22
Staff costs
€90k
+50.6% 18-22
Income taxes
€4k
+40.9% 18-22
Debt
€164k
-6.3% 18-22
Debt ≤ 1y
€128k
-5.1% 18-22
Debt > 1y
€36k
-10.5% 18-22
Current ratio
1.23
+26.9% 18-22
Quick ratio
1.23
+26.9% 18-22
Solvency
37.4%
+17.2% 18-22
Debt / equity
1.68
-21.6% 18-22
ROE
16.3%
-45.9% 18-22
ROA
6.1%
-36.6% 18-22
Interest coverage
17.82
+50.8% 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€70k
Net profit€16k
Cash flow€62k
Staff costs€90k
Income taxes€4k
Dividends-
Total assets€262k
Equity€98k
Debt€164k
of which ≤ 1y€128k
of which > 1y€36k
Working capital€29k
Employees (FTE)2.8
Ratios (computed)
2022
Current ratio1.23
Quick ratio1.23
Working capital ratio11.2%
Solvency37.4%
Debt / equity1.68
Long-term debt ratio0.37
Interest coverage17.82
Gross margin-
Net margin-
ROA6.1%
ROE16.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€262k
Fixed assets 21/28€105k
Tangible fixed assets 22/27€71k
Financial fixed assets 28€34k
Current assets 29/58€158k
Amounts receivable within one year 40/41€158k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€262k
Equity 10/15€98k
Contributions / capital 10/11€19k
Reserves 13€428
Accumulated profits (losses) 14€79k
Amounts payable 17/49€164k
Amounts payable after one year 17€36k
Amounts payable within one year 42/48€128k
Trade debts payable within one year 44€47k
Income statement
Gross operating margin 9900€191k
Operating result 9901€24k
Financial charges 65€4k
Result before taxes 9903€20k
Income taxes 67/77€4k
Net result for the period 9904€16k
Result to be appropriated 9905€16k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Current directors & mandates
  • YILDIRIM Ali Haydar
    Director
    State Gazette act 25321553 (28-03-2025)
    Current
    28-03-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator GREGORY BRUNEEL
ZELLIKSESTEENWEG 12, 1082 SINT-AGATHA-BERCHEM
 06-05-2025 → present Belgian State Gazette
Legal Structure
NACE primary Goederenvervoer over de weg(49410)
Legal form Private limited company(610)
Incorporation26-01-2018
StatusActive
Postal code1930
First BS signal 12-05-2025
Latest BS signal 12-05-2025
Establishment units 1 location
HSN GROUP
Goederenvervoer over de weg
since 20182.273.070.680
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23094D0111/00M002 Flanders 8,965 m² 1 · 1,730 m² 45.7 m · 14 fl.
21908E0256/00N004 Brussels 4,946 m² 1 · 2,675 m² 49.8 m · 12 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
12-05-2025
Bankruptcy Opening
Ondernemingsrechtbank Brussel · HSN GROUP BV DA VINCI- LAAN 1, 1930 ZAVENTEM · event 06-05-2025
28-03-2025
State Gazette act Director changes
Tanguy le MAIRE
27-01-2025
State Gazette act Registered-office change
2023
27-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
20-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
23-02-2022
State Gazette act Capital & shares
2021
23-03-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
21-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
20-02-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
Lifecycle & Insolvency Signals 1 events
12-05-2025
Bankruptcy Opening
Date: 06-05-2025 · Ondernemingsrechtbank Brussel · HSN GROUP BV DA VINCI- LAAN 1, 1930 ZAVENTEM · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-05-12 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 3 acts
Capital history · 1
23-02-2022
Capital change
Address history · 1
27-01-2025
Registered-office move
All acts · 3 updated 1 year ago
2025
28-03-2025 YILDIRIM Ali Haydar appointed as director Director changes·Tanguy le MAIRE
  • YILDIRIM Ali Haydar, Bestuurder
Notary: Tanguy le MAIRE · Brussel
Technical details 
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27-01-2025 Registered office moved from Machelen to Zaventem Registered-office change
  • Pegasuslaan 5 bus 1 te 1831 Machelen → Leonardo Da Vincilaan 1 te 1930 Zaventem
Technical details 
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  "act_meta": {
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2022
23-02-2022 Transaction in capital or shares Capital & shares
Technical details 
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          "name": "GUCLU MUHAMET MUSTA\u0420\u041D\u0410",
          "share_class": null,
          "liberation_pct": null,
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          "n_shares_subscribed": null,
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      "decrease_purpose": null,
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
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Company registry (CBE) Crossroads Bank
Activities
Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Overige posterijen en koeriers53200Overige posterijen en koeriers53200
Primary activity highlighted.
Names & trade names
Legal nameNL HSN GROUP
Registered office
Da Vincilaan 1
1930 Zaventem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative